US stocks declined on Wednesday as investors weighed stronger-than-expected economic data, rising oil prices, and the 10-year Treasury yield climbing above 5% to 5.07%.
The S&P Global manufacturing PMI rose to 57 in September and the services PMI reached 58.7, heightening expectations that the Federal Reserve may keep interest rates higher for longer.
Global debt reached a record $365 trillion in the first half of 2026, while Brent crude futures traded around $98 to $100 a barrel amid uncertainty over US-Iran relations.